Kennedy Cattle Company in Atlantic, Iowa is expanding from its current size at just under 1,000 head to more than 3,700. It's indicative of the optimism they have for the cattle business.
CBB authorized grant proposals for programs of beef promotion, research, consumer information, industry information, foreign marketing, and producer communications.
Cattle feeders still hold marketing leverage but a rout in the futures market along with a correction in equities pulled cash prices lower after two weeks of gains.